Sumitomo Mitsui Trust Group Inc. Sells 12,224 Shares of KBR, Inc. (NYSE:KBR)

Sumitomo Mitsui Trust Group Inc. reduced its holdings in KBR, Inc. (NYSE:KBR - Free Report) by 28.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 31,264 shares of the construction company's stock after selling 12,224 shares during the quarter. Sumitomo Mitsui Trust Group Inc.'s holdings in KBR were worth $1,557,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new position in shares of KBR in the fourth quarter valued at $1,131,000. Jones Financial Companies Lllp lifted its stake in shares of KBR by 37.9% in the fourth quarter. Jones Financial Companies Lllp now owns 2,168 shares of the construction company's stock valued at $126,000 after buying an additional 596 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of KBR by 26.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,776 shares of the construction company's stock valued at $335,000 after buying an additional 1,210 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of KBR by 1,402.2% in the first quarter. Farther Finance Advisors LLC now owns 1,367 shares of the construction company's stock valued at $68,000 after buying an additional 1,276 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in shares of KBR by 510.5% during the fourth quarter. Schroder Investment Management Group now owns 86,796 shares of the construction company's stock valued at $4,973,000 after purchasing an additional 72,579 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at KBR

In other KBR news, CEO Stuart Bradie sold 20,000 shares of KBR stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $52.81, for a total transaction of $1,056,200.00. Following the completion of the sale, the chief executive officer directly owned 802,361 shares in the company, valued at $42,372,684.41. The trade was a 2.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.11% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. UBS Group lowered shares of KBR from a "buy" rating to a "neutral" rating and dropped their price target for the company from $66.00 to $54.00 in a research report on Wednesday. Truist Financial decreased their price objective on shares of KBR from $70.00 to $60.00 and set a "buy" rating for the company in a report on Monday, April 14th. Wall Street Zen downgraded shares of KBR from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 7th. KeyCorp downgraded shares of KBR from an "overweight" rating to a "sector weight" rating in a report on Monday, June 23rd. Finally, The Goldman Sachs Group downgraded shares of KBR from a "buy" rating to a "neutral" rating and set a $55.00 target price for the company. in a research note on Tuesday, May 27th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $64.14.

KBR Price Performance

Shares of KBR stock traded up $0.17 during trading hours on Friday, reaching $47.62. The stock had a trading volume of 823,811 shares, compared to its average volume of 1,387,296. The stock's fifty day simple moving average is $52.10 and its 200 day simple moving average is $52.76. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.89. KBR, Inc. has a 12 month low of $43.89 and a 12 month high of $72.60. The firm has a market capitalization of $6.18 billion, a PE ratio of 15.93, a PEG ratio of 0.91 and a beta of 0.74.

KBR (NYSE:KBR - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The construction company reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.10. KBR had a net margin of 4.99% and a return on equity of 32.55%. The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period last year, the business earned $0.77 earnings per share. KBR's revenue was up 13.0% compared to the same quarter last year. On average, equities research analysts predict that KBR, Inc. will post 3.26 EPS for the current year.

KBR Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.66 annualized dividend and a yield of 1.39%. KBR's payout ratio is presently 22.07%.

KBR Profile

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.